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U.S. Marine and Shipping Industry Analysis

UpdatedAug 29, 2026
DataAggregated Company Financials
Companies36
  • 7D-0.4%
  • 3M13.0%
  • 1Y63.6%
  • YTD40.4%

The Marine and Shipping industry is up 1.7% in the last week, with Matson up 0.7%. In the last 12 months, the industry was up 62%. As for the next few years, earnings are forecast to decline by 4.2% per annum.

Industry Valuation and Performance

Has the U.S. Marine and Shipping Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 29 Aug 2026US$35.8bUS$22.7bUS$3.5b11.1x10.2x1.6x
Mon, 27 Jul 2026US$34.7bUS$22.1bUS$3.0b13.3x11.5x1.6x
Wed, 24 Jun 2026US$32.5bUS$22.0bUS$3.0b12.5x10.8x1.5x
Fri, 22 May 2026US$33.6bUS$21.9bUS$2.8b13.1x12x1.5x
Sun, 19 Apr 2026US$32.2bUS$22.2bUS$3.2b8.9x10.1x1.4x
Tue, 17 Mar 2026US$28.8bUS$22.2bUS$3.2b8.5x9x1.3x
Thu, 12 Feb 2026US$28.8bUS$24.3bUS$3.5b7x8.2x1.2x
Sat, 10 Jan 2026US$27.3bUS$24.2bUS$3.4b6.4x8x1.1x
Mon, 08 Dec 2025US$26.0bUS$24.2bUS$3.4b6.3x7.6x1.1x
Wed, 05 Nov 2025US$22.9bUS$25.4bUS$4.6b6.7x5x0.9x
Fri, 03 Oct 2025US$21.8bUS$25.3bUS$4.5b6.4x4.8x0.9x
Sun, 31 Aug 2025US$22.3bUS$25.3bUS$4.5b9.6x4.9x0.9x
Tue, 29 Jul 2025US$25.6bUS$26.8bUS$5.2b6x4.9x1x
Thu, 26 Jun 2025US$24.1bUS$26.8bUS$5.2b5.3x4.6x0.9x
Sat, 24 May 2025US$23.5bUS$26.8bUS$5.2b4.9x4.5x0.9x
Mon, 21 Apr 2025US$20.8bUS$25.3bUS$5.4b3.8x3.9x0.8x
Wed, 19 Mar 2025US$24.0bUS$25.4bUS$5.5b4.4x4.4x0.9x
Fri, 14 Feb 2025US$25.1bUS$24.2bUS$4.8b4.1x5.2x1x
Sun, 12 Jan 2025US$25.0bUS$24.2bUS$5.0b4x5x1x
Tue, 10 Dec 2024US$26.9bUS$24.2bUS$5.0b4.4x5.4x1.1x
Thu, 07 Nov 2024US$29.1bUS$22.4bUS$1.5b4.3x19.1x1.3x
Sat, 05 Oct 2024US$30.0bUS$22.0bUS$1.4b5.6x21.9x1.4x
Mon, 02 Sep 2024US$28.5bUS$22.2bUS$1.4b7.2x20.8x1.3x
Wed, 31 Jul 2024US$28.8bUS$21.4bUS$610.4m6.3x47.2x1.3x
Fri, 28 Jun 2024US$30.2bUS$21.4bUS$604.0m8.3x50x1.4x
Sun, 26 May 2024US$30.3bUS$21.4bUS$621.8m8.4x48.7x1.4x
Tue, 23 Apr 2024US$24.5bUS$20.7bUS$304.0m7.7x80.7x1.2x
Thu, 21 Mar 2024US$23.9bUS$21.1bUS$318.8m8.5x75.1x1.1x
Sat, 17 Feb 2024US$23.9bUS$22.2bUS$954.2m6x25x1.1x
Mon, 15 Jan 2024US$22.5bUS$22.3bUS$1.0b5.3x21.7x1x
Wed, 13 Dec 2023US$19.3bUS$22.3bUS$1.0b4.9x18.7x0.9x
Fri, 10 Nov 2023US$18.4bUS$24.5bUS$4.7b3.6x3.9x0.7x
Sun, 08 Oct 2023US$19.9bUS$24.9bUS$5.2b3.3x3.8x0.8x
Tue, 05 Sep 2023US$20.0bUS$25.0bUS$5.3b2.6x3.8x0.8x
Price to Earnings Ratio

3.8x


Total Market Cap: US$20.0bTotal Earnings: US$5.3bTotal Revenue: US$25.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Marine and Shipping Industry Price to Earnings3Y Average 17.3x202420252026
Current Industry PE
  • Investors are pessimistic on the American Shipping industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 10.1x which is lower than its 3-year average PE of 17.3x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Shipping industry have declined 13% per year over the last three years,
  • Revenues have also declined 3.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market0.25%
Industrials-2.02%
Marine and Shipping-0.35%
Marine-0.35%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MATX MatsonUS$224.310.7%
+US$45.2m		115.6%PE14.5x
GSL Global Ship LeaseUS$44.521.6%
+US$24.9m		48.2%PE4.3x
DAC DanaosUS$150.680.6%
+US$16.9m		63.8%PE5.1x
ESEA EuroseasUS$76.632.1%
+US$11.3m		23.1%PE4x
EDRY EuroDryUS$50.387.5%
+US$10.1m		362.2%PE15.4x

Latest News

PANL
US$8.06
Pangaea Logistics Solutions
7D
-1.0%
1Y
51.2%
KEX
US$139.06
Kirby
7D
-0.6%
1Y
43.1%
Seeking Alpha • Aug 27

Kirby: Structurally Still In A Good Spot Right Now

Summary Kirby offers unique energy sector exposure through marine transportation of bulk liquids, distinguishing itself from traditional midstream pipelines. Inland pricing momentum and constrained vessel supply underpin robust revenue and EPS growth, with management guiding for over 10% YoY EPS gains. 2027 is poised for significant upside as 40% of inland contracts reset amid favorable rate trends, targeting a return to historical 28% EBIT margins. Despite valuation concerns after a 40% share price rise, KEX remains a Buy, supported by disciplined buybacks and resilient earnings growth. Read the full article on Seeking Alpha
CMRE
US$15.41
Costamare
7D
-1.3%
1Y
34.7%
SBLK
US$30.48
Star Bulk Carriers
7D
-0.07%
1Y
63.4%
Seeking Alpha • Aug 25

Star Bulk Carriers: Riding The Wave Of Record Earnings And Dividend Growth

Summary Star Bulk Carriers Corp. delivered strong Q2 results, beating estimates with $1.23 EPS and a robust $0.9 dividend (12% yield). SBLK’s financial position is solid, with $565M cash, $981M debt, and debt below scrap value; valuation stands at 0.85x NAV. I expect continued strong quarters, with Q3 and Q4 earnings supporting a dividend around $0.90 and $4 full-year EPS. Fair value is $35 per share, driven by resilient rates, disciplined management, and a 10%+ yield under the current dividend policy. Read the full article on Seeking Alpha
MATX
US$224.31
Matson
7D
0.7%
1Y
115.6%
Narrative Update • Aug 22

MATX: Margin Strength And Cash Generation Will Support Future Earnings Power

Analysts have raised their price target on Matson from $224 to about $262. They cite recent research that highlights stronger near term guidance, improving margins, solid cash generation, and competitive advantages in the core business as key supports for the higher fair value estimate.
EDRY
US$50.38
EuroDry
7D
7.5%
1Y
362.2%
Narrative Update • Aug 22

EDRY: Share Buybacks And Revised Assumptions Will Shape Long Term Earnings

Analysts have raised their price target on EuroDry from $38.00 to about $45.33, citing revised assumptions for the discount rate, revenue, profit margin and future P/E that feed into their updated valuation framework. What’s in the News for EuroDry EuroDry reported that from April 1, 2026 to June 30, 2026, it repurchased 8,800 shares for US$0.2 million, representing 0.3% of its shares under an ongoing buyback program.
GSL
US$44.52
Global Ship Lease
7D
1.6%
1Y
48.2%
Narrative Update • Aug 21

GSL: Contracted Cash Flows And Fleet Renewal Will Support Future Upside

Analysts have increased their price target on Global Ship Lease by $5 to $50, citing stronger than expected Q2 net revenue and EBITDA. This was supported by firm charter rates, longer duration contracts, and solid cash generation that contribute to more predictable contracted cash flows.
DAC
US$150.68
Danaos
7D
0.6%
1Y
63.8%
Narrative Update • Aug 21

DAC: Contracted Backlog And Margins Will Support Steady Future Cash Flows

The analyst price target for Danaos has been revised higher from $157 to $164.50, with analysts pointing to the recent Buy upgrade, "strong" Q2 results, and a record $4.6b contracted revenue backlog as key supports for the updated view. What’s in the News for Danaos Analysts raised the Danaos price target from $157 to $164.50, citing a recent Buy rating, Q2 results described as strong, and a contracted revenue backlog of $4.6b.
ZIM
US$27.44
ZIM Integrated Shipping Services
7D
-2.9%
1Y
101.6%
Narrative Update • Aug 21

ZIM: Regulatory Overhang Around Hapag Lloyd Deal Will Shape Future Upside

Analysts have raised their fair value estimate for ZIM Integrated Shipping Services from $35.00 to $38.00, citing updated assumptions related to the discount rate, revenue trajectory, profit margins and future P/E expectations. What's in the News for ZIM Integrated Shipping Services ZIM reported Q2 2026 revenue of US$1.78b and net income of US$64 million, with management pointing to higher freight rates, increased container volumes and exposure to Transpacific trade routes as key drivers.
CCEC
US$22.72
Capital Clean Energy Carriers
7D
0.5%
1Y
7.7%
DSX
US$2.78
Diana Shipping
7D
2.6%
1Y
69.5%
Seeking Alpha • Aug 18

Diana Shipping: Genco Clarity, But Earnings Not So Much (Downgrade)

Summary Diana Shipping Inc. is downgraded to Hold as forward earnings visibility remains unclear despite a strong YTD rally. DSX's Q2 revenue missed by $9 million, but technical momentum is robust with shares doubling since April 2025. Termination of the Genco acquisition is viewed positively, preserving balance sheet strength and focus on the core fleet. Valuation multiples are near long-term averages; macro risks and profit uncertainty warrant a cautious stance despite constructive technicals. Read the full article on Seeking Alpha
GNK
US$25.88
Genco Shipping & Trading
7D
-2.4%
1Y
53.7%
ESEA
US$76.63
Euroseas
7D
2.1%
1Y
23.1%
Analysis Article • Aug 16

Results: Euroseas Ltd. Beat Earnings Expectations And Analysts Now Have New Forecasts

Euroseas Ltd. ( NASDAQ:ESEA ) just released its quarterly report and things are looking bullish. It was overall a...
GLBS
US$3.54
Globus Maritime
7D
-5.3%
1Y
240.4%
CMDB
US$20.52
Costamare Bulkers Holdings
7D
1.3%
1Y
94.3%
Analysis Article • Aug 10

Costamare Bulkers Holdings' (NYSE:CMDB) Earnings Seem To Be Promising

The market seemed underwhelmed by the solid earnings posted by Costamare Bulkers Holdings Limited ( NYSE:CMDB...
HTCO
US$2.55
High-Trend International Group
7D
-14.7%
1Y
-72.5%